EMR Presentation - The Time is Now
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A snapshot of the market. Some things to keep in mind before you buy and EMR, and a brief overview of the Stimulus package...
Transcript of EMR Presentation - The Time is Now
Objectives• Provide you with an overview of EMR market
trends and direction• Offer you guidelines for evaluating an EMR
solution• Review the current incentive packages
– PQRI (P4P)– E-prescribing– “Stimulus”
EMR – Trends and Market Direction
Large & Troubled . . .
Our U.S. Healthcare Scorecard
$2.2 Trillion Spent in Healthcare
$700 Billion in Waste
98,000 Deaths from Medical Errors
1.5 Million Injuries
7,000 Deaths from Medication Errors
A Big Part of the Problem
Market Adoption
*Hing ES, Burt CW, Woodwell DA. Electronic medical record use by office-based physicians and their practices: United States, 2006. Advance data from vital and health statistics; no 393. Hyattsville, Maryland: National Center for Health Statistics. 2007.
Source: CDC, 2006*
20 +
11 - 20
6 - 10
1 - 5
0 50,000 100,000 150,000 200,000 250,000
2,6836,282
19,680213,327
Practices by Number of Providers
Source: SK&A
Before you Buy…
“Choosing an EMR is a career-defining decision,”
- Sue Hertlein, Senior Consultant - The Coker Group
10 Things to Consider• Take ownership of the decision. • Determine your own requirements• Get the right EMR for your specialty• Integrate practice management• Focus on ease-of-use• Assess support and upgrades• Consider vendor viability• Be smart about your budget• Consider your deployment strategy• Don’t forget the technology
Return on Investment• The return you get from the system
– # of chart pulls a day (including those that call in)
– Transcription (20-100%)– Refill requests (15 min per)– Under coding (3-15%)
• The return you get from the Stimulus– PQRI– E-prescribing– “Stimulus”
EMR – Stimulus – What It Means to
You
“It's an investment that will take the long overdue step of computerizing America's medical records, to reduce the duplication and waste that costs billions of healthcare dollars and medical errors that cost thousands of lives each year. ... We have done more in 30 days to advance the cause of healthcare reform than this country has done in an entire decade.“
-President Barack ObamaFebruary 17, 2009
An Overview• The Bill aims to accomplish four major goals:
– Health information technology infrastructure with interoperability in place
– Standards building upon CCHIT by 2010– Saving the government $12 billion– Strengthening Federal privacy and security law
• Congressional Budget Office estimates that 90% of doctors and 70% of hospitals using comprehensive EHR by 2020
A Closer Look• The American Recovery and Reinvestment Bill signed• $790 billion• Approximately $59 billion within the Bill is allocated towards
the improvement of healthcare in some form– Health IT– Training for more primary care physicians– Research on chronic diseases– Community Health Centers– “Comparative Effectiveness” research
• The Health Information Technology for Economic and Clinical Health Act (‘‘HITECH“) includes $19 billion for health information technology
What is in the $19 Billion?!
$17 billion
+ $2 billion= $19 billion
Physician IncentivesIncentive Bonuses from
Medicare/Medicaid
HHS Discretionary Funds (For Use By National Coordinator of Health IT)Standards Development, Grants (AHRQ, HRSA, CMS), HIE Infrastructure, Loans to the States for EHR, Regional HIT Resource Centers, Telemedicine, New Community Health Centers
HHS = Health and Human ServicesAHRQ = Agency for Healthcare Research and Quality HRSA = Health Resources and Services Administration CMS = Centers for Medicare and Medicaid Services
Understanding The Federal Incentives
PQRI = Physician Quality Reporting Initiative
EHR
Stimulus
Funding
$44,000 over 5 yrs.
PQRI
Incentive
$3,000-5,000/yr.
estimate
If you start now…
+ +
ePrescribe
Incentive
$3,000-5,000/yr.
estimate
Watch Your Timeline!• Funding is Front Loaded
– $30,000 (close to 70% of the funding) comes in the first two years.– It decreases significantly every year thereafter.
• You Need to Demonstrate Meaningful Utilization– Purchase and Implementation are not enough. You must use it. – Steps include: evaluate your workflows, develop your selection
criteria, select a vendor, develop your implementation plan, install your EHR, connect to other providers and have your MDs fully functional.
– A lot to do in a short period of time. • Funding is Time Stamped
– Funding starts in 2011, decreases over time and goes away after 2016.– Penalties begin in 2015.
Summary• Provide you with an overview of EMR market
trends and direction• Offer you guidelines for evaluating an EMR
solution• Review the current incentive packages
– PQRI (P4P)– E-prescribing– “Stimulus”
Other Resources• www.mgma.com/economy• http://www.himss.org/EconomicStimulus/• http://www.cms.hhs.gov/EPrescribing• www.recovery.gov
